Fossil Energy
Mitsubishi Orders Kongsberg Equipment for Ramform Titan Vessels
Japan’s Mitsubishi Heavy Industries (MHI) has Awarded Kongsberg (KOG) owned company Kongsberg Maritime contracts of more than 50 MUSD for technical systems delivery to two new Seismic survey vessels ordered by Petroleum Geo Services (PGS). The scope of supply covers integrated navigation systems, Dy
Ensco: Higher Dayrates and New Rigs Boost 1Q Earnings
Ensco plc, a U.S.-based drilling contractor, reported diluted earnings per share from continuing operations of $1.36 in first quarter 2013, compared to $1.20 per share in first quarter 2012. Discontinued operations primarily related to rigs and other assets no longer on the Company’s balance sheet r
Woodside to Develop Browse Reserves Using Shell’s FLNG Technology
Australia’s Woodside has entered into an agreement with Shell that sets out the key principles that would apply if the Browse resources are developed using Shell’s Floating LNG (FLNG) technology. The agreement provides a framework that would enable the Browse joint venture to progress FLNG as a deve
Deep Down Secures Flying Leads Order (USA)
Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has received a contract from a major international controls manufacturer for the manufacture of Loose Steel Tube Flying Leads (LS
NOV: Rig Technology President Leaves After 33 Years of Service
National Oilwell Varco, Inc. announced today that Mark A. Reese resigned on April 29, 2013 as President – Rig Technology to pursue other business opportunities. Pete Miller, Chairman and CEO of National Oilwell Varco, remarked, “In his 33 years with NOV, Mark has literally worked his way up from the
Bongkot Sales Drive PTTEP 1Q Profit Growth (Thailand)
Thailand’s oil company PTTEP today revealed its first quarter Operating Results and the company performance. 1st Quarter Operating Results (Unreviewed): Net profit of USD 680 million, an increase of 15% The company and its subsidiaries posted a net profit of USD 680 million (equivalent to 20,258 mil
Noble Energy Reveals New Organizational Structure
Noble Energy, Inc. today announced that it has enhanced its organizational structure to support the material growth it is anticipating over the next several years, as well as to continue the development of its senior leadership team. The new organizational structure has been designed to better align
UTEC Survey Asia Pte Ltd Names General Manager
Global offshore survey company UTEC has further strengthened its Asian position with the appointment of a new general manager. Bob Coutts has joined the growing team at UTEC Survey Asia Pte Ltd in Malaysia and brings to the role more than 20 years of experience in the Asia Pacific region, most recen
Norway: Talisman to Drill North Sea Well with Maersk Giant Jack-Up Rig
The Norwegian Petroleum Directorate has granted Talisman Energy Norge AS a drilling permit for well 2/1-16 S, in the Norwegian part of the North Sea. Well 2/1-16 S will be drilled from the Mærsk Giant jack-up rig, at position 56°51’1.72’’ north and 3°18’52.69” east. The drilling programme for well 2
Pacific Rubiales Increases Ownership in CGX Energy
Pacific Rubiales Energy Corp. has announced the closing of the CGX Energy Inc. private placement financing on April 26, 2013. The Company subscribed for 350 million units (“Units”) at a price of Cdn.$0.10 per Unit for an aggregate price of Cdn.$35 million. Each Unit is comprised of one common share
Kuma Shipping Orders Two Ulstein P128 PSVs
Hong Kong-based Kuma Shipping has ordered two ships of the new Ulstein P128 design, a design developed to serve the general PSV market related to work-over barges and jack-up rigs. “This is a design that combines low fuel oil consumption with high carrying capacity at an attractive price,” says Ove
4th OWIM Held Simultaneously with Offshore Energy, Amsterdam
The fourth edition of Offshore Wind Installation and Maintenance (OWIM2013) will take place on Wednesday 16 October 2013 at the Amsterdam RAI in the Netherlands. For the first time since its inception in 2010, OWIM2013 will be held simultaneously with Offshore Energy Exhibition & Conference. Previou
Petrobras Charters Far Supporter PSV
Farstad Shipping ASA, a Norway-based owner of offshore support vessels fleet, has secured a charter deal for one of its Platform Supply Vessels. The contract comes from Brazil’s state-controlled oil giant Petrobras which has awarded a 3 years firm contract to PSV Far Supporter. The contract for the
Total Spuds Norvarg Appraisal Well Using Leiv Eiriksson Rig
Total has spudded an appraisal well on the Norvarg discovery in PL 535 in the Barents Sea. The site lies in 377 metres of water about 275 kilometres north of the Hammerfest LNG plant on Melkøya. Being drilled by Ocean Rig’s Leiv Eiriksson semi-submersible drilling rig, it is expected to take 69-104